There is something darkly amusing about the fact that selling victimhood to the most privileged people in history has become such a lucrative and big business.
When I was on tour with @jordanbpeterson he talked about many things, but probably the most common recurring theme was the "Spirit of Cain". It seems our ancient and sacred texts tell these stories for a reason: victimhood is easy, seductive and addictive. And now profitable too.
We are living through a perpetual victimhood escalation battle where people (and groups) now compete not on merit, but on the supposed disadvantages they face. Which makes perfect sense since this is the incentive structure our societies have been encouraged and forced to adopt.
The stock market is in what I believe is a historic,final parabolic leg of a 44 yr secular bull market.I am raising some of my targets as follows: SPX 10,000, Nasdaq Comp 36,000, DJIA 67,000, RUT 4000, QQQ 950, SMH 800, gold $7000 & silver $200. My other targets remain unchanged.
As a young socialist, Hayek read Ludwig von Mises’ 1920 paper “Economic Calculation in the Socialist Commonwealth.”
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
@gatlin_didier@grannybibbins People don't understand, when they say "you'll own nothing and be happy," they aren't merely referring to property and possessions.
They're also referring to YOU yourself, entirely.
Your body, mind and very soul will belong to them.
Resistance to the Borg is futile.
$BTC
🔔 Weekly bullish divergence on RSI 🔔
we officially surpassed January‘s RSI reading forming a higher low on the RSI
the bear narrative is losing momentum
exciting times ahead 👀
#bitcoin
the strait of hormuz is in a quantum superposition of open and closed that only collapses when you try to take a tanker through yourself and see if you get shot at